Global logistics and supply chain company CEVA Logistics has recently announced a new partnership with American multinational technology company IBM and the world’s largest container ship and supply vessel operator Maersk.
The new partnership is part of CEVA Logistics long-term digitalization initiative and will see CEVA adopt TradeLens, a joint solution based on blockchain technology that increases transparency and visibility throughout the customer’s supply chain.
CEVA joins a group of over 90 organisations worldwide that use the TradeLens global solution which also includes more than 20 port and terminal operators, customs authorities and 3PLs.
The TradeLens solution allows multiple trading partners to collaborate by establishing a single shared-view of a transaction, while never compromising details, privacy or confidentiality. The goal of the platform is to grow a strong network that adheres to global standards.
CEVA Logistics CEO, Xavier Urbain said, “This strategic partnership with IBM and Maersk provides CEVA’s answer to the untapped potential of blockchain applications in the logistics industry, we see high potential in TradeLens because of the real-time access it provides to all partners in the supply chain. It is a big step forward toward establishing a market standard for blockchain solutions. With our integrated network in Freight Management and Contract Logistics, combined with our global footprint and state-of-the-art IT capabilities, we will contribute significantly to both our own digitalization strategy going forward and those of the industry.”